Fmr LLC Increases Holdings in National Storage Affiliates Trust (NYSE:NSA)

FMR LLC increased its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 27.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,664,182 shares of the real estate investment trust's stock after purchasing an additional 358,449 shares during the period. FMR LLC owned approximately 2.18% of National Storage Affiliates Trust worth $80,214,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. D. Scott Neal Inc. lifted its stake in shares of National Storage Affiliates Trust by 20.3% during the 2nd quarter. D. Scott Neal Inc. now owns 277,176 shares of the real estate investment trust's stock worth $11,425,000 after acquiring an additional 46,848 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of National Storage Affiliates Trust by 371.6% during the first quarter. Cetera Investment Advisers now owns 83,867 shares of the real estate investment trust's stock valued at $3,284,000 after purchasing an additional 66,082 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of National Storage Affiliates Trust by 3.8% in the second quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust's stock worth $103,665,000 after purchasing an additional 90,925 shares during the last quarter. Caxton Associates LP bought a new stake in National Storage Affiliates Trust during the 2nd quarter valued at about $1,553,000. Finally, Center Lake Capital Management LLC purchased a new stake in National Storage Affiliates Trust in the 2nd quarter valued at about $2,885,000. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Up 1.1 %

Shares of NSA stock traded up $0.46 during trading hours on Friday, reaching $43.41. 597,929 shares of the company's stock were exchanged, compared to its average volume of 706,915. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 25.14 and a beta of 1.01. National Storage Affiliates Trust has a fifty-two week low of $34.50 and a fifty-two week high of $49.44. The stock's 50 day moving average is $44.08 and its 200-day moving average is $43.21.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $174.80 million during the quarter, compared to analysts' expectations of $185.45 million. During the same quarter last year, the business posted $0.67 earnings per share. The company's quarterly revenue was down 20.2% compared to the same quarter last year. Analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.57 per share. This is a positive change from National Storage Affiliates Trust's previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a yield of 5.25%. National Storage Affiliates Trust's dividend payout ratio is presently 133.33%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a "neutral" rating in a research note on Friday, August 30th. Wells Fargo & Company upped their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an "underweight" rating in a report on Monday, October 21st. Jefferies Financial Group raised their price target on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, September 18th. KeyCorp cut shares of National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a report on Monday, September 9th. Finally, Truist Financial boosted their price target on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a "hold" rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $43.17.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.